Small-business owners have many options when it comes to business insurance. We analyzed 28 complaints records to find the best small insurance.
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Cyber liability insurance is also known as cyber security insurance. It protects small businesses from the high cost of a data breach or malicious software attack. It includes customer notification, credit monitoring, legal fees and fines.
Why should small business have cyber insurance?
Data breaches and cyberattacks have become more common and costly. Small businesses are often attracted to weak cybersecurity.
Cyberattacks could cause severe damage to your company. 60% of businesses are shut down by cyberattacks within six months. This insurance can cover credit monitoring and attorney fees as well as other expensive expenses.